Delek Logistics Partners, LP Declares Quarterly Cash Distribution for the Fourth Quarter of 2019, Payable on February 12, 2020
January 25, 2020 at 02:45 am IST
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Delek Logistics Partners, LP declared its quarterly cash distribution for the fourth quarter 2019 of $0.885 per common limited partner unit, or $3.54 per common limited partner unit on an annualized basis. This distribution represents an approximate 1.0% increase from the distribution for the third quarter 2019 of $0.88 per common limited partner unit ($3.52 per common limited partner unit annualized) and an approximate 9.0% increase over Delek Logistics’ distribution for the fourth quarter 2018 of $0.81 per common limited partner unit ($3.24 per common limited partner unit annualized). The fourth quarter 2019 cash distribution is payable on February 12, 2020 to unitholders of record on February 4, 2020.
Delek Logistics Partners, LP owns and operates crude oil, intermediate and refined products logistics and marketing assets as well as crude oil and natural gas gathering and water processing assets. The Company operates through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Joint Ventures. Its Gathering and Processing segment provides crude oil and natural gas gathering and processing, water disposal and recycling and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas. Its Wholesale Marketing and Terminalling segment consists of refined products terminals and pipelines in Texas, Tennessee, Arkansas, and Oklahoma. Its Storage and Transportation segment provides crude oil, intermediate and refined products transportation, and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas.
DELEK LOGISTICS PARTNERS, LP 
